AAPL Apple (AAPL) Q2 FY26 earnings call
Apple delivered a record-breaking March quarter, driven by exceptional iPhone and Services performance, despite facing supply constraints for key products. The company is navigating increasing memory costs and has announced a CEO transition, with a continued focus on capital returns and strategic investments in AI, while also expanding its manufacturing footprint in the US.
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AAPL operating KPIs by quarter
| KPI | Sep 2024 Q4 FY24 | Dec 2024 Q1 FY25 | Mar 2025 Q2 FY25 | Jun 2025 Q3 FY25 | Dec 2025 Q1 FY26 | This call Mar 2026 Q2 FY26 | Jun 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Paid subscriptions | 1B+We have well over 1 billion paid subscriptions across the services on our platform, more than double the number we had only 4 years ago.Source: earnings call transcript | 1B+We have well over 1 billion paid subscriptions across the services on our platform.Source: earnings call transcript | 1B+We have well over 1 billion paid subscriptions across the services on our platform.Source: earnings call transcript | 1B+We have well over 1 billion paid subscriptions across the Services on our platform.Source: earnings call transcript | — | — | 1.5B+Our services continue to attract more customers, and we have now surpassed 1.5 billion in paid subscriptions.Source: earnings call transcript | — |
| Active devices installed base | — | — | — | — | 2.5B+Across our product categories, we are seeing very high levels of customer satisfaction, and we are proud to report that we have a new record for our installed base with more than 2.5 billion active devices.Source: earnings call transcript | 2.5B+Our installed base of over 2.5 billion active devices has reached another all-time high across all major product categories and geographic segments.Source: earnings call transcript | 2.5B+Our installed base of over 2.5 billion active devices has reached another all-time high across all major product categories and geographic segments.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.